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China Sept producer prices rise for first time in nearly 5 years, CPI picks up

Fri, Oct 14, 2016 - 9:58 AM

China's producer prices unexpectedly rose in Sept for the first time in nearly five years, while consumer inflation quickened to 1.9 per cent from a year earlier, also beating market expectations.

PHOTO: REUTERS

[BEIJING] China's producer prices unexpectedly rose in Sept for the first time in nearly five years, while consumer inflation quickened to 1.9 per cent from a year earlier, also beating market expectations.

Producer prices edged up 0.1 per cent from a year earlier, the National Bureau of Statistics said on Friday, compared with the previous month's fall of 0.8 per cent. It marked the first growth in PPI since January 2012.

Analysts polled by Reuters had predicted producer prices would fall 0.3 per cent on an annual basis.

The consumer price index (CPI) had been expected to rise 1.6 per cent, compared with 1.3 per cent posted the prior month.